SEC Form 4 · accession 0001209191-18-052545
WORTHINGTON ENTERPRISES, INC. · WOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Geoffrey G Gilmore
Officer — President-Worthington Cylinder
Period of report
Sep 26, 2018
Accepted (ET)
Sep 28, 2018 · 3:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000108516
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | Sep 26, 2018 | A | 50,000 | $0.00 | A | 135,317 | D | |
| Common SharesF2 | Sep 26, 2018 | A | 20,000 | $0.00 | A | 155,317 | D | |
| Common SharesF3 | Sep 26, 2018 | A | 30,000 | $0.00 | A | 185,317 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1An award of restricted shares was granted pursuant to the Worthington Industries, Inc. Amended and Restated 1997 Long-Term Incentive Plan. The restricted shares will vest if (i) the common shares of Worthington Industries, Inc. attain the closing price of at least $65.00 per common share for ninety consecutive days during the five-year period ending on the fifth anniversary of the grant date of the award (i.e. September 26, 2023) and (ii) the reporting person has continuously remained an employee of Worthington Industries, Inc. or one of its subsidiaries through the fifth anniversary of the grant date of the award (i.e. September 26, 2023).
- F2An award of restricted stock was granted pursuant to the Worthington Industries, Inc. Amended and Restated 1997 Long-Term Incentive Plan. The restricted stock will vest on the third anniversary (i.e. 9/26/2021).
- F3An award of restricted stock was granted pursuant to the Worthington Industries, Inc. Amended and Restated 1997 Long-Term Incentive Plan. The restricted stock will vest on the fifth anniversary (i.e. 9/26/2023).